US job openings declined from a downwardly revised 7.91 million to 7.67 million in July, the lowest level since 2021 and well short of expectations of 8.1 million. The downward revision indicates that labor demand actually…
In a widely expected move, the Bank of Canada (BoC) cut interest rates by a quarter of a percentage point for a third consecutive month in September, lowering the benchmark overnight rate to 4.25%. Policymakers also signaled…
The 2Y/10Y segment of the yield curve is flirting with un-inversion. Aggressive rate cut expectations have largely driven its steepening, with the 2-year Treasury yields falling nearly 100 bps over the past couple of months.…
Significantly stronger-than-expected consumer spending growth led to an upward revision to US GDP growth in Q2. That said, gross domestic income (GDI) has been lagging behind GDP. It increased 1.3% q/q in Q2, at the same rate as…
According to BCA Research’s European Investment Strategy service, an increase in borrowing costs will further weaken vulnerable corporate balance sheets. As suggested by their Corporate Health Monitors (CHMs), the health of…
Even after the Fed cuts rates, policy will remain restrictive for some time. Moreover, in history, stocks have tended to fall around the first rate cut. We remain cautious on the outlook for the economy and risk assets.
US nominal personal income growth accelerated from 0.2% m/m to 0.3% in July, faster-than-anticipated, whereas personal spending accelerated from 0.3% to 0.5%, in line with expectations. The savings rate edged lower from 3.1% to a…
After surprising to the upside in July on higher energy costs, Eurozone CPI resumed its deceleration in August. Headline and core CPI declined from 2.6% y/y to 2.2% and from 2.9% to 2.8%, respectively. Energy prices contracted…
Tokyo’s CPI is a timely leading indicator of nationwide price pressures. In August, the headline, core (ex-food) and the “core core” (ex-food and energy) measures all accelerated by larger-than-expected margins…
This Insight looks at potential dollar moves in the next six-to-twelve months.